So who is the recipient of the 130million shares at $0.005 less than 50% of the market price, according to the last Top 20 RGF Land held 188,554,719 (7.18%) shares making them the single biggest shareholder and based on their purchase price of $0.01856 per share in April 2015 they have taken a loss of $1,820,000. A good example of the share dilution as at the time of purchase their voting power was 11.7% and as at September 2020 it was 7.18%.
Aurora 186,813,741 ( 7.11%) are now the largest shareholder
Pal Group 150,000,000 ( 5.7%) are second largest.
So the family and associates seem to have an direct / indirect interest in over 12% of the company now. IMHO.
You would hardly expect the largest holder would want to get out if the funding is almost ready to be announced having held for 6 years.
No doubt we will know if they are the buyers in the next few days.
DYOR My thoughts and ramblings only
Caveat Emptor
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